A mutual fund has total assets of $60,500,005 and liabilities of $7,987,654. If there are 10,123,456 shares outstanding, what is the net asset value of the fund?
A) $4.60
B) $5.70
C) $5.19
D) $5.00
C
You might also like to view...
In the business-to-business sector, advertising tends to:
A) support other promotional tools such as personal selling, trade promotions, consumer promotions, direct marketing, and trade shows B) be the primary vehicle for communicating to customers C) be performed in-house to prevent competitors from learning about the company's products and communication approach D) identify key new target markets
Which of the following statements is true regarding dividends on preferred stock?
A) Preferred shareholders are guaranteed an annual dividend. B) Preferred shareholders will receive a dividend if common shareholders are paid. C) Preferred dividends in arrears are a current liability. D) Preferred dividends in arrears are either a current or long-term liability, depending upon when the corporation last declared a dividend.
The greatest degree of control for committed fixed costs is exerted
a. in the post-investment audit. b. during the life of the investment. c. prior to acquisition. d. by equipment operators.
The Department of Labor monitors consumer expenditures through its annual Consumer Expenditure Survey. In 2011, consumers spent after taxes about 13 percent of their income on food, 34 percent on ________, 4 percent on clothes and 24 percent on transportation and health care, with the rest generally considered discretionary.
A. education B. housing C. entertainment D. vacationing E. investments